Groupama Asset Managment Makes New $404,000 Investment in Target Corporation $TGT

Groupama Asset Managment bought a new stake in Target Corporation (NYSE:TGT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,502 shares of the retailer’s stock, valued at approximately $404,000.

A number of other hedge funds have also recently made changes to their positions in TGT. WFA of San Diego LLC acquired a new position in shares of Target in the second quarter valued at approximately $25,000. Heartwood Wealth Advisors LLC bought a new position in Target in the 3rd quarter valued at approximately $27,000. Tripletail Wealth Management LLC acquired a new stake in Target during the 3rd quarter worth approximately $31,000. Key Financial Inc boosted its position in Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after buying an additional 151 shares during the period. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in Target by 220.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 368 shares of the retailer’s stock worth $36,000 after acquiring an additional 253 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays upped their price target on shares of Target from $91.00 to $108.00 and gave the company an “underweight” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group boosted their price objective on shares of Target from $91.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. KeyCorp restated a “sector weight” rating on shares of Target in a report on Wednesday, March 4th. BMO Capital Markets raised their target price on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $130.00 target price on shares of Target in a report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $116.32.

Target Stock Down 1.3%

Shares of Target stock opened at $113.03 on Friday. The stock’s 50-day moving average is $113.12 and its 200 day moving average is $99.68. Target Corporation has a one year low of $83.44 and a one year high of $126.00. The firm has a market cap of $51.19 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 4.71 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, May 13th. Target’s payout ratio is presently 56.09%.

Insider Activity

In related news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

Target Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.